Seventeenth resolution

Seventeenth resolution

(Overall limit on authorisations for issues of ordinary shares or share equivalents without pre-emptive subscription rights)

Having read the report of the Board of directors, the Extraordinary General Meeting:

- resolves to set at EUR 350 million the maximum par value of capital increases that may be carried out immediately and/or in the future by virtue of the authorisations granted under the fourteenth, fifteenth and sixteenth resolutions above, which amount shall include, where applicable, the par value of additional ordinary shares to be issued in order to protect the interests of the holders of share equivalents in accordance with applicable laws and regulations;

- resolves to set the maximum par value of debt securities that may be issued by virtue of the authorisations granted under the fourteenth, fifteenth and sixteenth resolutions above at EUR 7 billion, or the equivalent in a foreign currency or unit of account set with reference to several currencies.

• Presentation of the resolution
  
  Shareholders are informed that the maximum par value of capital increases that may result immediately and/or in the future from use of the authorisations providing for issues of shares or share equivalents without pre-emptive subscription rights, granted under the fourteenth, fifteenth and sixteenth resolutions may in no event exceed EUR 350 million (19% of the issued capital). Likewise, the maximum par value of debt securities that may be issued under the above authorisations may not exceed EUR 7 billion (seventeenth resolution).